johnparkhopper
Member
Who ever replaces Bob will have their own agenda and whatever Bob proposed will be on the table for change. I'm not holding my breath the 60 billion pie in the sky will remain
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
Nubs70
Well-Known Member
I am under presumption Bob's plan encompasses more than the parks (if not, Bob should br thrown our yesterday).
I bet there is some pretty substantial dead weight within $DIS that needs to go. Neither Nelson nor Bob would be doing their job if they didn't cut dead weight.
Casper Gutman
Well-Known Member
Hey, here's a fun quotation from a November Business Insider article:
"Perlmutter has told people he wants to break up Disney as much as he can and gain control of some of the IP, and "people underestimate Ike at their peril," said a source familiar with Perlmutter's conversations."
But sure, a Perlmutter victory will certainly mean more investment in the park and a flourishing of creativity at the studios.
"Perlmutter has told people he wants to break up Disney as much as he can and gain control of some of the IP, and "people underestimate Ike at their peril," said a source familiar with Perlmutter's conversations."
But sure, a Perlmutter victory will certainly mean more investment in the park and a flourishing of creativity at the studios.
Tha Realest
Well-Known Member
News broke late last night, but apparently CalPERS went all in with their shares in supporting Peltz and Rasulo.
CalPERS.
Tha Realest
Well-Known Member
Incidentally, you’ve said elsewhere Universal gets most (all?) of your theme park dollars.
If you care so much about the parks as you constantly claim, why do you no longer go to them?
JoeCamel
Well-Known Member
Bob just cut 7000 souls of "dead weight".......
Casper Gutman
Well-Known Member
Read the thread.
Why don’t I go to the park? Because the prices are too high and Genie and other new systems are not conducive to the way I like to spend my time. I still go for a day or two each year.
I’m not stupid enough to think Peltz will improve that or cruel or petty enough to want to burn Disney down out of spite. I understand things can get exponentially worse. I am intimately familiar with the history of the industry and of Peltz and Perlmutter and men like them. I have tremendous respect for Disney as a cultural institution.
Given Wall Streets current, short-sighted idiocy and the instability in the entertainment industry, I always felt a predator like Peltz had the upper hand. A lot of people who thought they were being cute by playing with fire are going to get burned.
He had more compassion than Chapek. During 2020 CEO Chapek was targeting massive layoffs until Iger stepped in . It would have been more than 7K layoffs.
Nubs70
Well-Known Member
I'm sure there are business units that need to be spun off.
Casper Gutman
Well-Known Member
What makes you sure of that? How deeply have you studied Disney's finances and corporate structure? What qualifications do you have to make that judgement?
Cedar Point that is closed several months of the year annually ? That's a lot of opportunity to address theming , cleaning , operation preventative maintenance etc.
One of the ESPN layoffs was Jalen Rose ex NBA , Michigan Fab Five. He was earning $3M a year. Some high ranking execs at Disney dont even earn that much.
Jrb1979
Well-Known Member
They will never be on the level of Disney or Universal but they are doing more theming of rides now. Cleaning, maintenance etc they do very well. If you actually went to the park you would know
No desire to visit Ohio and Cedar Point. True , Six Flags will never be on the level with Disney.
Casper Gutman
Well-Known Member
I love regional parks but Cedar Point is just… fine. Great if you love coasters. No dark rides. Lotta concrete.
Dollywood, Knotts, Knobels, Kennywood, Gilroy Gardens, Hershey - parks like that offer something special. Cedar Fair and Six Flags less so.
Ohio does have cool stuff elsewhere, however.
Jrb1979
Well-Known Member
Don't worry Disney is heading in that direction once Peltz gets on the board. Knotts is owned by Cedar Fair. Cedar Point does have some good themed areas. Like Frontier Town.
WoundedDreamer
Well-Known Member
Dumping linear channels or at least bringing in a partner sounds like a great idea. ESPN is the asset (as I mentioned) that simply terrifies me. Iger had a few months where he waffled on selling or spinning off linear channels and Hulu. At the end of the day, he doubled down on both with the sports streaming service and the acquisition of the remaining portion of Hulu. Streamlining the business makes sense to me. Focus on the two core assets, movie studios and theme parks. The theme parks give Disney the heft to remain a credible independent studio.
lazyboy97o
Well-Known Member
But then they’ll get to brag about they were right when little happens because active projects were cancelled.
Seriously? Have you not seen the cesspool of hot sewage that $DIS has become under Iger-Chapek-Iger2?
Domestic Parks - worse
Studios - worse
Public Perception - worse
Linear TV - worse
Sports - worse
Streaming - likely break even or slightly profitable - but only through cost cutting and savings from the strikes - but still no where near the panacea of profit promised a decade ago, and it will take a long, long, long time to recoup the billions already spent on it.
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Sir_Cliff
Well-Known Member
All you can do is shake your head. Some will get pleasure the worse things get because they enjoy the trolling aspect of it all, while it seems others are being played for useful idiots convinced to vote for more value engineering and profit gauging in the parks under the banner of 'restoring the magic' because of their discontent with current management.
I just don't understand how anyone looks at the actors involved and thinks "these people have my back as a consumer."